stock market was up today...

[norrislakevol]

I have been concerned for quite a while that we would see a bond market crash eventually, and a corporate debt crisis. With inflation and rising interest rates we may very well see this come to pass. Make no mistake, this won't be just a U.S. problem either. Tip of the iceberg here?

 

[Orangeburst]

Seems to me the perfect time for maintenance is when the bond market is closed, but I'm sure it's something much more nefarious. Probably related to pedophiles, Qanon and Hunters laptop

It was closed at noon smart ass and down for 12 hours.
People are rushing into T Bills. That is all I inferred.

 

[NorthDallas40]

The formal search for blame bitch has begun

Silicon Valley Bank collapse under investigation by Justice Department

 

[NorthDallas40]

Kevin O’Leary on Fox Business just now. He’s not a fan of the government’s response and wanted instead to sit back and let it unfold. He claimed that 95% of the assets are recoverable (no idea if that’s a valid claim or not) thus there was zero basis for the government to make the extraordinary statement that all deposits would be guaranteed. He trashed the large money depositors for not doing their own risk management on bank deposits also. He ends with the bank is gone, nobody is going to buy SVD any brand it had is toxic, and it’s just down to liquidation.

 

[SpaceCoastVol]

U.S. government guarantees all Silicon Valley Bank deposits, money available Monday

Except the money isn’t available.

So if the .gov is going to insure all deposits, why will banks continue to fund the FDIC?

 

[SpaceCoastVol]

In before Meghan's "this bank failure is racist toward me. I should be made whole!"

And she will be made whole. Without a doubt

 

[SpaceCoastVol]

Dayum, Mad4Vols got old.

All those boosters he's been getting

 

[Fun coupon VOL]

Kevin O’Leary on Fox Business just now. He’s not a fan of the government’s response and wanted instead to sit back and let it unfold. He claimed that 95% of the assets are recoverable (no idea if that’s a valid claim or not) thus there was zero basis for the government to make the extraordinary statement that all deposits would be guaranteed. He trashed the large money depositors for not doing their own risk management on bank deposits also. He ends with the bank is gone, nobody is going to buy SVD any brand it had is toxic, and it’s just down to liquidation.

Technically, he is right about the deposits still being there and becoming available. It will be years before you see it

 

[Fun coupon VOL]

So if the .gov is going to insure all deposits, why will banks continue to fund the FDIC?

That is a very good question. This is TARP all over again.

 

[NorthDallas40]

Technically, he is right about the deposits still being there and becoming available. It will be years before you see it

I don’t know about years but it will take time I agree. If the regulators piece meal the assets out it’s a buying opportunity for banks that actually managed their risk. They still bear interest and as the interest rates eventually go back down the bond valuations will absolutely rise.

 

[Fun coupon VOL]

I don’t know about years but it will take time I agree. If the regulators piece meal the assets out it’s a buying opportunity for banks that actually managed their risk. They still bear interest and as the interest rates eventually go back down the bond valuations will absolutely rise.

I’m saying if your loans paid back on schedule it would be years, which is where a large portion your deposits are sitting.

 

[NorthDallas40]

I’m saying if your loans paid back on schedule it would be years, which is where a large portion your deposits are sitting.

Ok, understood. I’m guessing servicing of any loans made by SVB will move to a new servicer as I believe the regulators arr moving forward with liquidation, the funds of those sales would go back to depositors then.

 

[Fun coupon VOL]

Inflation will go higher if they slow rates down. There will be more banks fail because they didn’t manage their assets well.

 

[Fun coupon VOL]

Ok, understood. I’m guessing servicing of any loans made by SVB will move to a new servicer as I believe the regulators arr moving forward with liquidation, the funds of those sales would go back to depositors then.

Correct.

 

[NorthDallas40]

Charlie Gasparino on Fox Business just now says he has sources inside SVB whom have looked at their portfolio and says it isn’t really your typical government backed bonds portfolio. Has a lot of venture capital leveraged business loans. Instruments that are hard to value. Doesn’t think there will be any serious interests from anyone who could buy the whole book like JP Morgan. That conflicts with O’Leary’s take earlier so who knows.

 

[VolStrom]

Charlie Gasparino on Fox Business just now says he has sources inside SVB whom have looked at their portfolio and says it isn’t really your typical government backed bonds portfolio. Has a lot of venture capital leveraged business loans. Instruments that are hard to value. Doesn’t think there will be any serious interests from anyone who could buy the whole book like JP Morgan. That conflicts with O’Leary’s take earlier so who knows.

Considering that the Zuckerburg twit just announced another 10,000 person layoff, I doubt anyone in the country is interested in taking on any spoiled children company debt in San Francisco right now, unless they get it for a few cents on the dollar.

 

[Orangeburst]

Considering that the Zuckerburg twit just announced another 10,000 person layoff, I doubt anyone in the country is interested in taking on any spoiled children company debt in San Francisco right now, unless they get it for a few cents on the dollar.

But Musk!

I swear these people are cultists and cant think on their own other than ideology

 

[VolStrom]

But Musk!

I swear these people are cultists and cant think on their own other than ideology

It takes years of indoctrination to screw up an entire generation. I think our government is worse than the CCP.

 

[VolStrom]

I keep hearing Credit Suisse is going to be the next bank to fail. Will they get a Biden bailout too?

 

[Vol423]

It is not the regulators or feds job to make you enact wise concentrations on your balance sheet within your asset block. What freaking moron thought it was a good idea to load up on bonds for the past two years?

Every depositor received an FDIC insurance notice when opening an account. The bailout of the accounts with SBV is corruption at its finest.

You didn't actually expect that the federal government would allow SVB account holders to lose money, did you? Silicon Valley = Liberals = Democrats = 100% Federal Government backing.

 

[Fun coupon VOL]

You didn't actually expect that the federal government would allow SVB account holders to lose money, did you? Silicon Valley = Liberals = Democrats = 100% Federal Government backing.

I guess I’m naïve. Just disappointing to watch this play out.

I still suspect you will see more banks fall before this is over and the fed will bail them out.

 

[VolStrom]

I guess I’m naïve. Just disappointing to watch this play out.

I still suspect you will see more banks fall before this is over and the fed will bail them out.

Unless one of the failed banks is in some place like the southeast or Kansas.

 

[lawgator1]

The desperation to make this partisan is pathetic.

 

[NorthDallas40]

The desperation to make this partisan is pathetic.

Make sure that broad brush is big enough to cover both partisan takes counselor.

 

[utvolpj]

The desperation to make this partisan is pathetic.

It's the fault of easily bought politicians. So is the incoming bail out of those buying them